A long time collegue, Tom Clifford,
http://www.directortom.com/ , taught me years ago the power of the transcript. It is the single most important step in producing an unscripted, interview based video. Anyone who has had to shutlle back and forth through hours of raw footage, trying to cobble together some kind of a message, will certainly appreciate the advantage of a timecoded transcript. The most obvious benefit is having the client highlight the important points and strike the irrelavent and erroneous ones. Now you have a timecoded list of all the pertinent statements to digitize and work with, saving you hours of hunt and peck editing.
